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20121228
20121228
Search Results 0 to 9 of about 10
CNBC
Dec 28, 2012 5:00pm EST
insurance quote. usaa. we know what it means to serve. >>> still no deal out of washington. the talks apparently continue. we'll see what happens. stock market lower, but have a good weekend in the meantime. that does it for closing bell. >> indeed it does. we're watching sunday night at 6:30 p.m. when the house reconvenes. options action is starting right now. >> you're looking at a live shot of the white house where leaders just emerged from a bheeth with president obama. washington agains to be the only story on wall street. lows of the day now on a five-day losing streak. futures indicate more pain. eamon javers has the latest. >> we saw them trooping in and out. now we're starting to get some indications of what happened in the meeting. i'm told by nancy pelosi's office that she's saying senators reed and mcconnell will try to come up with something. they also said that speaker boehner said in the meeting that he won't move anything until the senate moves first. and nancy pelosi called the meeting constructive and candid. that's the first indication we have on the record from one
CNBC
Dec 28, 2012 4:00pm EST
of drama in washington. congressional leaders have arrived at white house. they arrived there about an hour ago with three days to go before we go over that proverbial fiscal cliff. they are meeting with the president and the treasury secretary timothy geithner, and they are trying to hash out a deal. but reports that the president has nothing new on the table has ended up spooking wall street in a big way just in the last hour, and as bill said we finished down near the lows of the day, down about 157 points for the dow. settling up right now. down what, about 165 at the very low, bill? >> i think so, yes. >> and the nasdaq finishing down 25 points and the s&p off by 15, a fifth straight day in the red. well, it is the last friday of 2012. it's in the books. check. still no deal in sight and no new offer either on the table from the president as eamon javers told us a little while ago. what now for the markets? we have our guests and our very own rick sell sebak with us. rick, let me get to you, first of all, because you're here on the set. what now for the markets? >> what now for the mar
CNBC
Dec 28, 2012 3:00pm EST
there in washington as we wait for the white puff of smoke to come out of the white house, eamon. >> reporter: kind of what feels like here, bill. a lot of energy at the white house, a lot of curiosity surrounding this meeting. what you can't see from here and what i can't show you, unfortunately, is just about 50 yards from here is where you saw speaker boehner walking into the building, and we've got a whole cadre of white house still press photographers up on ladders peering over the hedge trying to get a picture of the leaders as they walk in and just to the left of that crowd is another crowd of reporters all gathered around the stakeout cameras. that's where the leaders could come out and talk to microphones if they wanted to say anything after this meeting. there's a lot of anticipation of whether they will say anything after this meeting, and it's widely seen that this would be a good sign for negotiations if they do come out and talk. a lot of previous white house meetings, they have not come out to say anything afterwards, so all those folks waiting over there might be waiting in vain her
CNBC
Dec 28, 2012 9:00am EST
to go up. but we only run the house. democrats continue to run washington. >> call me a hopeless optimist, but i actually still think we can get it done. >> eamon javers live in washington. eamon, fascinating to look at that tape in retrospect. >> i think a lot of people in washington think the make-or-break deal making sessions have already happened here. and one republican senator i talked to this morning said there are very low expectations now for this meeting at the white house today. and boy, how times have changed, carl. just watching that tape that you just ran. one of the things that i'll be watching for when i'm standing on the white house north lawn this afternoon is whether or not these four congressional leaders come out as they did back in november and talk to the press after the meeting. we've had a lot of meetings at the white house where people have left very quickly, gotten into a suv and driven off the complex without talking to reporters. if they come out to those microphones after this meeting and come out together, i think that will be a hopeful sign that pe
CNBC
Dec 27, 2012 7:00pm EST
report" start ises right now. >>> the big news tonight, still the developments in washington on the fiscal cliff, eamon javers joins us with the details. >> good evening, meshel. capitol hill sources tell cnbc that congressional leaders are planning to go to the white house tomorrow to meet with president barack obama and it is not entirely clear at this point when that meeting will take place and details are still being hammered out and we saw today a blistering series of rhetorical jabs from one side to the other and it's not clear as a result of all that whether a deal can, in fact, get hammered out in the remaining time before new year's eve and take a listen to senate republican leader mitch mcconnell earlier today explaining the problems he's facing in washington. take a listen. >> the truth is we're coming up against a hard deadline here and as i said, this is a conversation we should have had months ago. and republicans aren't about to write a blank check for anything senate democrats put forward just because we find ourselves at the edge of the cliff. >> we do know t
CNBC
Dec 28, 2012 1:00pm EST
was very strong. the dow up 68 points. michelle, back to you. >>> all right, mary. washington, the country wants to know are you going to rise above or are you going to throw us off the cliff? another meeting set for the white house. eamonjavers is at the white house. >> we could fix this on the back of an envelope. that's not hard to imagine. what's hard is getting washington agree to it. that sound that you hear is the sound of thousands of reporters trying to read the minds of five people, the four congressional leaders and the president of the united states who are going to be in that room at 3:00 this afternoon. a whole lot of mind reading going on. not a whole lot of fact to work with. what i am told is if you want to understand where the president's brain is as he goes into this meeting today, you've got to look back at his remarks just after 5:00 p.m. on friday last week in which he laid out his vision for sort of a shorter term emergency kind of a deal. with that in mind, let me lay out what barack obama could propose in this meeting today if he lays something out. it would start
CNBC
Dec 28, 2012 4:00am EST
don't rule out total ly washington coming to its senses, but i have to say at the moment that the odds look rather against it. but there is still another option which people are not considering at the moment, and that is that we get a deal before the 12th congress wraps up on the 3rd of january, but after the 1i of january. the bush tax cuts expire and then the house republicans, who are in my view the real source of the problem here, we saw what happened last week when boehner tried to push something through. the house republicans want to cut taxes rather than raising taxes. but frankly, i think this is going to the 113th congress from where we are today the. do you think we're going to feel it on the real economy in the first quarter? are we going to see this slight cautiousness feeding through in how -- >> well, first of all, we are seeing it on the u.s. economy already. there's no question about that. it has happened a distinct impact on corporate america's willingness to invest over the past several months, some say over the past year. that's likely to continue. even if we get a d
CNBC
Dec 28, 2012 6:00am EST
to be talking about around the globe. congratulations, washington. >> see you later. japan, we have to keep all eyes on japan. >> that guy abe. what's his name? >> abe. you're talking about abe? >> that is the guy. honest abe. >> by the way, we have to talk about the john carney story. >> let me read it first. >> we can do that, too. >>> coming up, why investors member willing to take on more risk in 2013. first, as we head to a break, take a look at yesterday's winners and losers. >> that was wonderful. bravo. >> i loved that. it was great. >> it wasn't bad. >> there were parts of it that could have been a lot better. >> it was pretty terrible. >> it was awful. >> boo! [ male announcer ] you are a business pro. omnipotent of opportunity. you know how to mix business... with business. and you...rent from national. because only national lets you choose any car in the aisle. and go. you can even take a full-size or above. and still pay the mid-size price. i could get used to this. [ male announcer ] yes, you could business pro. yes, you could. go national. go like a pro. your doctor will say get
CNBC
Dec 28, 2012 6:00pm EST
there are deadlines, deadlines are met or there are consequences of the markets. in washington, apparently, deadlines come and go and there aren't any consequences? >> melissa, two things. one, i think that on the corporate side, largely companies want tax reform, but small businesses, conceivably much more at risk because of the cliff, their voice perhaps isn't being heard as well as at the ceo level. i'm worried at the smaller level, where the majority of the job creation occurs. that's really what concerns me, and i think on the cliff, the fact that -- the other point i wanted to make. the fact that neither side really is making any headwind. we've known about this for such a long time. it's just in credibly disconcerting. >> all right. joe, thank you for phoning in. we appreciate your analysis. tyler and michelle, joe makes a good point about the pain being felt. you are the job creators, and here we are. the impact most borne by them. >> well, i think that's true, and the real paralysis, the hostage quality of the whole debate over the past few months has been disconcerting. we've had so many pe
CNBC
Dec 28, 2012 12:00pm EST
of corporate hesitancy about their actual business given what is going on in washington. i don't really think that the tangible stakes are that high for most businesses. it just happens to be this overhang. so i do think that is a major concern and really i think that -- >> you can paint it another way. >> hold it. both you guys said that the debt ceiling is a major concern for corporations. >> yep. >> tell me why that is. i'm on the other side of the fence. i don't agree with that. i think once we get, once the corporations know what the bargain is, the grand -- they have some certainty, the biggest risk is this. >> what is the trade-off to raise the spending limit? the trade-off is likely to be the republicans are going to want spending cuts. that is why it is. >> we've been there before with debt ceilings and we've always gotten through. we put the government on hiatus in terms of spending money but we've always gotten through it. to me that is not the seminole issue. if that is i'm happy to be on the other side of the trade. >> i wasn't saying it is an actual issue. i said it was surprise
Search Results 0 to 9 of about 10